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Why isn’t it cheaper to raise kids?

Everyone has heard the nightmarish stats on how much kids cost. According to the feds, a couple making between $57,000 and $98,000 a year, before taxes, will cough up $222,360 raising a child to age 17. And many moms and dads feel that childcare and kid-chauffering duties seriously limit their career opportunities.

But economist Bryan Caplan, author of the new book Selfish Reasons To Have More Kids, says there’s no persuasive reason to devote so much time and money to parenting.

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